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Taiyo Yuden Co., Ltd. ( (JP:6976) ) has shared an update.
Taiyo Yuden reported third-quarter consolidated net sales of ¥88.5 billion, slightly lower quarter-on-quarter due to front-loaded capacitor demand in earlier quarters, but achieved a 27% sequential increase in operating profit to ¥7.5 billion, driven by fixed-cost reductions and the impact of yen depreciation, with results exceeding its prior forecast. The company raised its full-year outlook, now expecting net sales of ¥354.0 billion and operating profit to more than double year-on-year to ¥21.0 billion, and, despite booking approximately ¥1.0 billion in restructuring costs for additional structural reforms in its communication device business, it projects profit attributable to owners of parent to surge 458% year-on-year to ¥13.0 billion, signaling a significant earnings recovery and operational streamlining for stakeholders.
The most recent analyst rating on (JP:6976) stock is a Hold with a Yen3176.00 price target. To see the full list of analyst forecasts on Taiyo Yuden Co., Ltd. stock, see the JP:6976 Stock Forecast page.
More about Taiyo Yuden Co., Ltd.
Taiyo Yuden Co., Ltd. operates in the electronics components industry, supplying products such as capacitors and other components used in communication devices and various electronic equipment for global manufacturers.
Average Trading Volume: 2,155,358
Technical Sentiment Signal: Buy
Current Market Cap: Yen432.9B
Learn more about 6976 stock on TipRanks’ Stock Analysis page.